2.2 Summary of Material accounting policies

A. Revenue recognition

Revenue is measured based on the consideration specified
in a contract with a customer net of variable consideration
(e.g. discounts), taxes and amount collected on behalf of
third parties. The Company recognizes revenue when it
transfers control over a product or service to a customer.
The amount of revenue recognized is at an amount that
reflects the consideration to which the Company expect
to be entitled to in exchange for the product or service.
Revenue is only recognized to the extent that is highly
probable that a significant reversal will not occur.

i) Program fees:

Revenue From Prepaid Card Instruments

The Company acts as a Program Manager and
Business Correspondent to the Partner Banks for
the Co-branded Prepaid Card Instruments. The
Co-branded Cards are operated under various

schemes (Such as Kuber, Zinger etc.). Program fees
mainly includes revenue from Interchange (including
residual income) earned from partner banks and
excludes amounts collected on behalf of partner
banks. Interchange revenue is recognised as per
the terms of the arrangement with partner banks, at
the point in time, basis the information shared by the
banks to the Company post settlement with network
partners. The incentives / cash back, as an when
incurred by the Company towards the co-branded
prepaid card instruments has been considered as a
distinct goods or services and accordingly recorded
as an expense.

Revenue From Credit Card instruments

The Company acts as a Program Manager and
Business Correspondent to the Partner Banks for
the issue of Credit Card Instruments to customers/
users. Company run the programs with various
customers/users and arrange to process their
transactions through various platforms. Program
Fees includes revenue from interchange earned
from partner banks and excludes amounts
collected on behalf of partner banks. Revenue from
interchange income is recognised when related
transaction occurs, or service is rendered as per the
terms of the arrangement with partner banks. The
Incentives / Cash back, as and when incurred by the
company towards the credit card instruments has
been considered as a distinct goods or services and
accordingly recorded as an expense.

Banks and corporates are considered as customers
of the Company. Any amounts receivable from the
customers on account of normal course of business
is classified as trade receivable. Further advance
received from customers against which cards are
yet to be activated is disclosed as liability under
advances from customers.

ii) Propel platform revenue / Gift cards:

Propel platform revenue from monetisation of
platform is recognised on the basis of terms of the
agreement with the respective customers.

The Company recognises revenue on completion of
the Company performance obligation being met on
redemption of propel points against catalogue of gift
cards / vouchers.

The Company acts as a principal and accordingly
consideration for the supplies is recognized on
gross basis with corresponding cost of supplies
being recorded as an expense. Revenue on sale of

gift cards / vouchers is recognized only to the extent
the Company’s performance obligation is met, at
the point in time on transfer of the control of the
respective gift cards / vouchers to the customers.

iii) Fees income/SaaS income:

The Company earns fees income/SaaS income/
service fees income from various activities including
user fees, platform fees, customization fees etc.
The fee income is recognised when the control in
services have been transferred by the Company

i.e., as and when services have been provided by
the Company and the Company’s performance
obligation is met. This fee is recognised as income in
accordance with the terms of the arrangement with
the respective customers.

iv) Interest income:

Interest income is recognized when it is probable
that the economic benefits will flow to the Company
and the amount of income can be measured reliably.
Interest income is accrued on a time basis, by
reference to the principal outstanding and at the
effective interest rate applicable, which is the rate
that discounts estimated future cash receipts through
the expected life of the financial asset to that asset's
net carrying amount on initial recognition. Interest
income is included under the head ‘other income’ in
the statement of profit and loss.

B. Financial instruments

A financial instrument is any contract that gives rise to a

financial asset of one entity and financial liability or equity

instrument of another entity.

i) Initial Recognition and measurement

Financial assets and financial liabilities are initially
recognised when the Company becomes a party
to the contractual provisions of the instrument. A
financial asset or financial liability is initially measured
at fair value plus, for an item not at fair value through
profit and loss (FVTPL), transaction costs that are
directly attributable to its acquisition or issue.

ii) Classification and subsequent measurement
Financial assets

All financial assets except Trade receivables are
initially measured at fair value plus, for an item
not at fair value through profit and loss (FVTPL),
transaction costs that are directly attributable to its
acquisition or issue.

Subsequent measurement: For the purpose of
subsequent measurement, financial assets are
categorised as under:

- Amortised cost;

- Fair Value through Other Comprehensive Income
(FVOCI) - equity investment; or

- Fair Value through Profit or Loss (FVTPL)

Financial assets are not reclassified subsequent to
their initial recognition, except if and in the period the
Company changes its business model for managing
financial assets.

A financial asset is measured at amortised cost if it
meets both of the following conditions and is not
designated as at FVTPL:

- the asset is held within a business model whose
objective is to hold assets to collect contractual
cash flows; and

- t he contractual terms of the financial asset give
rise on specified dates to cash flows that are
solely payments of principal and interest on the
principal amount outstanding.

On initial recognition of an equity investment that is
not held for trading, the Company may irrevocably
elect to present subsequent changes in the
investment’s fair value in OCI (designated as FVOCI

- equity investment). This election is made on an
investment-by-investment basis.

All financial assets not classified as measured at
amortised cost or FVOCI as described above are
measured at FVTPL. This includes all derivative
financial assets. On initial recognition, the Company
may irrevocably designate a financial asset that
otherwise meets the requirements to be measured
at amortised cost or at FVOCI or at FVTPL if doing
so eliminates or significantly reduces an accounting
mismatch that would otherwise arise.

Financial assets at FVTPL: These assets are
subsequently measured at fair value. Net gains and
losses, including any interest or dividend income,
are recognised in profit or loss.

Financial assets at amortised cost: These assets
are subsequently measured at amortised cost using
the effective interest method. The amortised cost
is reduced by impairment losses. Interest income,
foreign exchange gains and losses and impairment
are recognised in profit or loss. Any gain or loss on
derecognition is recognised in profit or loss.

Equity investments at FVOCI: These assets are
subsequently measured at fair value. Dividends are
recognised as income in profit or loss unless the
dividend clearly represents a recovery of part of the
cost of the investment. Other net gains and losses
are recognised in OCI and are not reclassified to
profit or loss.

Financial liabilities:

Financial liabilities are classified as measured
at amortised cost or FVTPL. A financial liability
is classified as at FVTPL if it is classified as
held-for-trading, or it is a derivative or it is
designated as such on initial recognition. Financial
liabilities at FVTPL are measured at fair value and
net gains and losses, including any interest expense,
are recognised in statement of profit or loss. Other
financial liabilities are subsequently measured at
amortised cost using the effective interest method.
Interest expense and foreign exchange gains and
losses are recognised in statement of profit or loss.

iii) Derecognition
Financial assets

A Financial asset is primarily derecognised when
the right to receive the contractual cash flows in
a transaction in which substantially all of the risks
and rewards of ownership of the financial asset
are transferred or in which the Company neither
transfers nor retains substantially all of the risks and
rewards of ownership and does not retain control of
the financial asset.

If the Company enters into transactions whereby it
transfers assets recognised on its balance sheet, but
retains either all or substantially all of the risks and
rewards of the transferred assets, the transferred
assets are not derecognised.

Financial liabilities

The Company derecognises a financial liability
when its contractual obligations are discharged or
cancelled, or expired.

The Company also derecognises a financial liability
when its terms are modified and the cash flows under
the modified terms are substantially different. In this
case, a new financial liability based on the modified
terms is recognised at fair value. The difference
between the carrying amount of the financial liability
extinguished and the new financial liability with
modified terms is recognised in profit or loss.

iv) Offsetting

Financial assets and financial liabilities are offset
and the net amount reported in the balance sheet
if there is a currently and legally enforceable right
to set off the amounts and it intends either to settle
them on a net basis or to realise the asset and settle
the liability simultaneously.

C. Property, plant and equipment

i) Recognition and measurement

Property, Plant and Equipment ('PPE') are stated at
historical cost less accumulated depreciation and
accumulated impairment loss, if any. Cost of an
item of property, plant and equipment comprises
its purchase price, including import duties and non¬
refundable purchase taxes, after deducting trade
discounts and rebates, any directly attributable cost
of bringing the item to its working condition for its
intended use and estimated costs of dismantling and
removing the item and restoring the site on which it
is located. If significant parts of an item of property,
plant and equipment have different useful lives, then
they are accounted for as separate items (major
components) of property, plant and equipment.

Subsequent costs are included in the asset's
carrying amount or recognised as a separate asset,
as appropriate, only when it is probable that future
economic benefits associated with the item will
flow to the Company and the cost of the item can
be measured reliably. The carrying amount of any
component accounted for as a separate asset is
derecognised when replaced. All other repairs and
maintenance are charged to statement of profit or
loss during the reporting period in which they are
incurred. If an item of property, plant and equipment
is purchased with deferred credit period from
supplier, such asset is recorded at its cash price
equivalent value.

ii) Depreciation

Depreciation is provided using the Straight-line
Method over the useful lives of the assets as
estimated by the Management. Depreciation on
additions and deletions are restricted to the period
of use. Depreciation is charged to statement of
profit and loss.

Depreciation is calculated over the depreciable
amount, which is the cost of an asset, or other
amount substituted for cost, less its residual value.

An asset's carrying amount is written down
immediately to its recoverable amount if the asset's
carrying amount is greater than its estimated
recoverable amount. Gains or losses arising from
disposal of property, plant and equipment which are
carried at cost are recognised in the statement of
profit and loss.

Depreciation method, useful lives and residual
values are reviewed at each reporting date and
adjusted if appropriate.

D. Intangible Assets

Intangible assets acquired separately are measured on
initial recognition at cost. Following initial recognition,
intangible assets are carried at cost less any accumulated
amortization and accumulated impairment losses.
Internally developed intangibles are capitalized to the
extent of direct cost related to the development of the
respective intangible assets which mainly includes
manpower cost. Intangible assets are amortized over
the useful economic life assessed which ranges from
3-5 years and tested for impairment whenever there is
an indication that the intangible asset may be impaired.
The amortization period and the amortization method
for an intangible asset are reviewed at the end of each
reporting period. Changes in the expected useful life or
the expected pattern of consumption of future economic
benefits embodied in the asset are considered to modify
the amortization period or method, as appropriate, and
are treated as changes in accounting estimates. The
amortization expense on intangible assets recognized in
the statement of profit and loss unless such expenditure
forms part of carrying value of another asset.

E. Investment in Subsidiaries/Associates

Investment in Subsidiaries/Associates are valued at
Cost. Dividend Income from subsidiaries/Associates
is recognised when its right to receive the dividend is
established.

F. Impairment of assets

i) Impairment of financial instruments

The Company recognises loss allowances for
expected credit losses on financial assets measured
at amortised cost and trade receivables. At each
reporting date, the Company assesses whether
financial assets carried at amortised cost are credit-
impaired. A financial asset is ‘credit-impaired’ when
one or more events that have a detrimental impact
on the estimated future cash flows of the financial
asset have occurred.

Evidence that a financial asset is credit-impaired
includes the following observable data:

- significant financial difficulty of the
borrower or issuer;

- a breach of contract;

- it is probable that the borrower will enter
bankruptcy or other financial reorganisation; or

- the disappearance of an active market for a
security because of financial difficulties.

The Company measures loss allowances at an
amount equal to lifetime expected credit losses.

Loss allowances for trade receivables are always
measured at an amount equal to lifetime expected
credit losses.

Lifetime expected credit losses are the expected
credit losses that result from all possible default
events over the expected life of a financial instrument.

12-month expected credit losses are the portion
of expected credit losses that result from default

events that are possible within 12 months after the
reporting date (or a shorter period if the expected
life of the instrument is less than 12 months).

In all cases, the maximum period considered when
estimating expected credit losses is the maximum
contractual period over which the Company is
exposed to credit risk.

When determining whether the credit risk of a
financial asset has increased significantly since
initial recognition and when estimating expected
credit losses, the Company considers reasonable
and supportable information that is relevant and
available without undue cost or effort. This includes
both quantitative and qualitative information
and analysis, based on the Company’s historical
experience and informed credit assessment and
including forward-looking information.

Measurement of expected credit losses

The Company applies expected credit loss (ECL)
model for measurement and recognition of loss
allowance on the following:

i. Trade receivables

ii. Financial assets measured at amortised cost
(other than trade receivables)

iii. Financial assets measured at fair value through
other comprehensive income (FVTOCI).

The Company follows a simplified approach wherein
an amount equal to lifetime ECL is measured and
recognised as loss allowance.

In case of other assets (listed as ii and iii above), the
Company determines if there has been a significant
increase in credit risk of the financial asset since
initial recognition. If the credit risk of such assets
has not increased significantly, an amount equal to
12-month ECL is measured and recognised as loss
allowance. However, if credit risk has increased
significantly, an amount equal to lifetime ECL is
measured and recognised as loss allowance.

Subsequently, if the credit quality of the financial
asset improves such that there is no longer a
significant increase in credit risk since initial
recognition, the Company reverts to recognising
impairment loss allowance based on 12-month ECL.

ECL is the difference between all contractual cash
flows that are due to the Company in accordance
with the contract and all the cash flows that the
Company expects to receive (i.e. all cash shortfalls),

discounted at the original effective interest rate.

Lifetime ECL are the expected credit losses resulting
from all possible default events over the expected
life of a financial asset. 12-month ECL are a portion
of the lifetime ECL which result from default events
that are possible within 12 months from the
reporting date.

ECL are measured in a manner that they reflect
unbiased and probability weighted amounts
determined by a range of outcomes, taking
into account the time value of money and other
reasonable information available as a result of past
events, current conditions and forecasts of future
economic conditions.

As a practical expedient, the Company uses a
provision matrix to measure lifetime ECL on its
portfolio of trade receivables. The provision matrix
is prepared based on historically observed default
rates over the expected life of trade receivables and
is adjusted for forward-looking estimates. At each
reporting date, the historically observed default
rates and changes in the forward-looking estimates
are updated.

Presentation of allowance for expected credit loss¬
es in the balance sheet

Loss allowances for financial assets measured at
amortised cost are deducted from the gross carrying
amount of the assets.

Write-off

The gross carrying amount of a financial asset is
written off (either partially or in full) to the extent
that there is no realistic prospect of recovery. This is
generally the case when the Company determines
that the debtor does not have assets or sources of
income that could generate sufficient cash flows to
repay the amounts subject to the write-off. However,
financial assets that are written off could still be
subject to enforcement activities in order to comply
with the Company’s procedures for recovery of
amounts due.

ii) Impairment of non-financial assets

The Company's non-financial assets, other than
inventories and deferred tax assets, are reviewed at
each reporting date to determine whether there is
any indication of impairment. If any such indication
exists, then the asset's recoverable amount
is estimated.

For impairment testing, assets that do not generate
independent cash inflows are grouped together into
cash-generating units (CGUs). Each CGU represents
the smallest group of assets that generates cash
inflows that are largely independent of the cash
inflows of other assets or CGUs.

The recoverable amount of a CGU (or an individual
asset) is the higher of its value in use and its fair
value less costs to sell. Value in use is based on
the estimated future cash flows, discounted to their
present value using a pre-tax discount rate that
reflects current market assessments of the time
value of money and the risks specific to the CGU
(or the asset).

The Company’s corporate assets (e.g., central
office building for providing support to various
CGUs) do not generate independent cash inflows.
To determine impairment of a corporate asset,
recoverable amount is determined for the CGUs to
which the corporate asset belongs.

An impairment loss is recognised if the carrying
amount of an asset or CGU exceeds its estimated
recoverable amount. Impairment losses are
recognised in the statement of profit and loss.

In respect of assets for which impairment loss has
been recognised in prior periods, the Company
reviews at each reporting date whether there is any
indication that the loss has decreased or no longer
exists. An impairment loss is reversed if there has
been a change in the estimates used to determine the
recoverable amount. Such a reversal is made only to
the extent that the asset's carrying amount does not
exceed the carrying amount that would have been
determined, net of depreciation or amortisation, if no
impairment loss has been recognised.

. Employee benefits

(a) Short-term employee benefits

Liabilities for wages and salaries, including non¬
monetary benefits that are expected to be settled
wholly within 12 months after the end of the period
in which the employees render the related service
are recognised in respect of employees' services up
to the end of the reporting period and are measured
on an undiscounted basis at the amounts expected
to be paid when the liabilities are settled. The
liabilities are presented as current employee benefit
obligations in the balance sheet.

(b) Other long-term employee benefit obligations

(i) Defined contribution plans

A defined contribution plan is a post¬
employment benefit plan under which an entity
pays fixed contributions into a separate entity
and will have no legal or constructive obligation
to pay further amounts. The Company makes
specified monthly contributions towards
Government administered provident fund
scheme and other funds. Obligations for
contributions to defined contribution plans are
recognised as an employee benefit expense
in statement of profit and loss in the periods
during which the related services are rendered
by employees.

(ii) Defined benefit plans

A defined benefit plan is a post-employment
benefit plan other than a defined contribution
plan. The liability or asset recognised in the
balance sheet in respect of defined benefit
plans is the present value of the defined benefit
obligation at the end of the reporting period
less the fair value of plan assets. The defined
benefit obligation is calculated annually by
a qualified actuary using the projected unit
credit method.

The present value of the defined benefit
obligation is determined by discounting the
estimated future cash outflows by reference
to market yields at the end of the reporting
period on government bonds that have
terms approximating to the terms of the
related obligation.

The net interest cost is calculated by applying
the discount rate to the net balance of
the defined benefit obligation and the fair
value of plan assets. This cost is included in
employee benefit expense in the statement of
profit and loss.

Remeasurement gains and losses arising
from experience adjustments and changes in
actuarial assumptions are recognised in the
period in which they occur, directly in other
comprehensive income. They are included in
retained earnings in the statement of changes
in equity and in the balance sheet.

Changes in the present value of the defined
benefit obligation resulting from plan
amendments or curtailments are recognised
immediately in profit or loss as past service cost.

(iii) Compensated Absences:

The Company has no policy of accumulation of
compensated absences.

H. Leases

Lease contracts entered by the Company majorly pertains
for buildings taken on lease to conduct its business in the
ordinary course.

Company as a Lessee:

The Company applies a single recognition and
measurement approach for all leases, except for short¬
term leases and leases of low-value assets. The Company
recognises lease liabilities to make lease payments and
right-of-use assets representing the right to use the
underlying assets.

The Company determines the lease term as the non¬
cancellable period of a lease, together with both periods
covered by an option to extend the lease if the Company
is reasonably certain to exercise that option; and periods
covered by an option to terminate the lease if the Company
is reasonably certain not to exercise that option. In
assessing whether the Company is reasonably certain to
exercise an option to extend a lease, or not to exercise an
option to terminate a lease, it considers all relevant facts
and circumstances that create an economic incentive for
the Company to exercise the option to extend the lease,
or not to exercise the option to terminate the lease. The
Company revises the lease term if there is a change in the
non-cancellable period of a lease.

The Company used the following practical expedients
when applying Ind AS 116 :

• Applied a single discount rate to a portfolio of leases
with similar characteristics.

• Applied the exemption not to recognise right-of-use
assets and liabilities for leases with less than 12
months of lease term and leases of low value.

• Excluded initial direct costs from measuring the
right-of-use asset at the date of initial application.

• Used hindsight when determining the lease
term if the contract contains options to extend or
terminate the lease.

Right-of-use asset: The Company recognises right-of-
use asset representing its right to use the underlying
asset for the lease term at the lease commencement
date. The cost of the right-of-use asset measured at
inception shall comprise of the amount of the initial
measurement of the lease liability adjusted for any lease
payments made at or before the commencement date
less any lease incentives received, plus any initial direct

costs incurred and an estimate of costs to be incurred
by the lessee in dismantling and removing the underlying
asset or restoring the underlying asset or site on which
it is located. The right-of-use assets is subsequently
measured at cost less any accumulated depreciation,
accumulated impairment losses, if any and adjusted for
any remeasurement of the lease liability. The right-of-use
assets is depreciated using the straight-line method from
the commencement date over the shorter of lease term
or useful life of right-of-use asset. The estimated useful
lives of right-of use assets are determined on the same
basis as those of property, plant and equipment. Right-
of-use assets are tested for impairment whenever there
is any indication that their carrying amounts may not be
recoverable. Impairment loss, if any, is recognised in the
statement of profit and loss.

Lease Liability: The Company measures the lease liability
at present value of the future lease payments at the
commencement date of the lease. The lease payments
are discounted using the interest rate implicit in the lease,
if that rate can be readily determined. If that rate cannot
be readily determined, the Company uses incremental
borrowing rate as at the commencement of lease. The
lease liability is subsequently remeasured by increasing
the carrying amount to reflect interest on the lease
liability, reducing the carrying amount to reflect the lease
payments made and remeasuring the carrying amount
to reflect any reassessment or lease modifications or to
reflect revised in-substance fixed lease payments. The
company recognises the amount of the re-measurement
of lease liability due to modification as an adjustment to
the right-of-use asset and statement of profit and loss
depending upon the nature of modification. Where the
carrying amount of the right-of-use asset is reduced to
zero and there is a further reduction in the measurement
of the lease liability, the Company recognises any
remaining amount of the re-measurement in statement of
profit and loss.

I. Income-tax

Income-tax comprises current and deferred tax. It is
recognised in profit or loss except to the extent that it
relates to an item recognised directly in equity or in other
comprehensive income.

(i) Current tax

Current tax comprises the expected tax payable or
receivable on the taxable income or loss for the year
and any adjustment to the tax payable or receivable
in respect of previous years. The amount of current
tax reflects the best estimate of the tax amount
expected to be paid or received after considering

the uncertainty, if any, related to income taxes. It is
measured using tax rates (and tax laws) enacted or
substantively enacted by the reporting date.

Current tax assets and current tax liabilities are
offset only if there is a legally enforceable right to
set off the recognised amounts, and it is intended to
realize the asset and settle the liability on a net basis
or simultaneously.

(ii) Deferred tax

Deferred tax is recognised in respect of temporary
differences between the carrying amounts of assets
and liabilities for financial reporting purposes and the
corresponding amounts used for taxation purposes.
Deferred tax is not recognised for:

- temporary differences arising on the initial
recognition of assets or liabilities in a transaction
that is not a business combination and that affects
neither accounting nor taxable profit or loss at the
time of the transaction; and

- temporary differences related to investments in
subsidiaries to the extent that the Company is able
to control the timing of the reversal of the temporary
differences and it is probable that they will not
reverse in the foreseeable future;

Deferred tax assets are recognised to the extent that it
is probable that future taxable profits will be available
against which they can be used. The existence of unused
tax losses is strong evidence that future taxable profit may
not be available. Therefore, in case of a history of recent
losses, the Company recognises a deferred tax asset
only to the extent that it has sufficient taxable temporary
differences or there is convincing other evidence that
sufficient taxable profit will be available against which
such deferred tax asset can be realised. Deferred tax
assets - unrecognised or recognised, are reviewed at
each reporting date and are recognised/ reduced to the
extent that it is probable/ no longer probable respectively
that the related tax benefit will be realised.

Deferred tax is measured at the tax rates that are
expected to apply to the period when the asset is realised
or the liability is settled, based on the laws that have been
enacted or substantively enacted by the reporting date.

The measurement of deferred tax reflects the tax
consequences that would follow from the manner in
which the Company expects, at the reporting date, to
recover or settle the carrying amount of its assets and
liabilities.

J. Share-based payments

Employees (including senior executives) of the
Company receive remuneration in the form of share-
based payments, whereby employees render services
as consideration for equity instruments (equity-settled
transactions). The cost of equity-settled transactions is
determined by the fair value at the date when the grant
is made using an appropriate valuation model. That cost
is recognised, together with a corresponding increase in
Employee Stock Option Plan (ESOP) reserves in equity,
over the period in which the performance and/or service
conditions are fulfilled in employee benefits expense.
The cumulative expense recognised for equity-settled
transactions at each reporting date until the vesting date
reflects the extent to which the vesting period has expired
and the Company’s best estimate of the number of equity
instruments that will ultimately vest. The statement of
profit and loss expense or credit for a period represents
the movement in cumulative expense recognised as at
the beginning and end of that period and is recognised in
employee benefits expense.

Performance conditions which are market conditions
are taken into account when determining the grant
date fair value of the awards. Service and non-market
performance conditions are not taken into account when
determining the grant date fair value of awards, but the
likelihood of the conditions being met is assessed as
part of the Company’s best estimate of the number of
equity instruments that will ultimately vest. No expense is
recognised for awards that do not ultimately vest because
non-market performance and/or service conditions have
not been met. When the terms of an equity-settled award
are modified, the minimum expense recognised is the
expense had the terms not been modified, if the original
terms of the award are met. An additional expense is
recognised for any modification that increases the total
fair value of the share-based payment transaction, or is
otherwise beneficial to the employee as measured at
the date of modification. Where an award is cancelled by
the entity or by the counterparty, any remaining element
of the fair value of the award is expensed immediately
through profit or loss. The dilutive effect of outstanding
options is reflected as additional share dilution in the
computation of diluted earnings per share.